"Extortion" attempt, the guy was fined for slander and libel, obviously, a pro-cryptocurrency site would not say that, and painted as if the video was only "criticism" of the candidate.

He was ordered to remove a video from his channel where he practices slander and libel (both crimes in Brazil) against a congresswoman, he refused, the judge ordered the fine, he traded all his money to bitcoin to avoid the execution of the fine.

I wouldn't call it a extortion attempt, if you see his videos you'll see that he openly mocks the justice and expose details of the case that was occurring under "secret of justice", where the parts can't talk about it until it is finished.

You can disagree with the decision, but it wasn't extortion, he practiced slander and libel, was ordered to remove a video, refused, was fined for that.